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For the week of June 24 – AMZN, NFLX, MU, NKE, BA
Michael Kramer and the clients of Mott Capital own NFLX
Here are few more stocks to take a look for that the Week of June 24.
Amazon (AMZN)
Amazon is trending nicely higher, and I continue to think that AMZN moves closer to $1.965. The RSI is trending higher, too, support my bullish view for AMZN. Why Tesla And Amazon May Rise Further
Netflix (NFLX)
Netflix is also likely to continue to rise this week after breaking a downtrend. Overhead resistance currently sits at roughly $380. The RSI has also broken its downtrend, that a big deal in my book. An increase above $380 pushes NFLX to $405.
Micron (MU)
Micron reports results this week, and it will be an important one. MU has put in a strong base around $32.50. I think MU reverse higher and moves towards $36.50
Nike (NKE)
Well, Nike can’t be stopped, and NKE is breaking out ahead of its results this week. It will be essential to see what Nike has to say about business in China. Based on the break of the downtrend, NKE probably rises towards $88. The RSI is also breaking a downtrend.
Boeing (BA)
Boeing is attempting to break out and rise above $370. If successful, BA can make a move to $400. The trend for the RSI is shifting higher too.
Have a great Sunday!
-Mike
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This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment.
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